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Finance minister: Govt achieved 2019 fiscal deficit target of 3.4pc | Malay Mail

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Finance minister: Govt achieved 2019 fiscal deficit target of 3.4pc

Thursday, 09 Jan 2020 03:47 PM MYT

PETALING JAYA, Jan 9 — The government achieved its fiscal deficit target for 2019 of 3.4 per cent of gross domestic product , says Finance Minister Lim Guan Eng. Lim also announced that in 2010 the government collected RM27.6 billion in Sales and Service Tax revenue, surpassing the target of RM22 billion in the Budget.“If you ask about the shortfall of RM17 billion because the GST collection was previously RM44 billion, in actual fact it is RM9 billion, because from this amount almost half are refunds which were supposed to have been paid,” he added.

“In the previous Budget we estimated that the gap would be RM10 billion but the gap was less than RM8 billion, and we are also announcing measures to cover that gap.

 

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Finance minister says beat 2019 sales tax target by RM5.5b | Malay MailPETALING JAYA, Jan 9 — The federal government collected RM27.5 billion in Sales and Services Tax (SST) revenue in 2019 to surpass the RM22 billion targeted for the year, Lim Guan Eng said today. In a press conference today, Lim called this a testament of Malaysia’s strong economy. “Apart from... thanks Rakyat Malaysia. the Malaysian govt took more money from you in 2019 than they even expected.
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